VANCOUVER, Sept. 13, 2011 /PRNewswire/ - Wesgold Minerals Inc. (TSXV: WSG) is pleased to announce that Tod Turley has been appointed to the Board of Directors. Mr. Turley is the Chief Operating Officer and Director of Minatura International LLC, the majority shareholder of Cordoba Minerals Corp. which is the owner of the Cordoba Project. Previously, he served as Chairman and CEO of Amerivon, a niche private equity investment firm specializing in high-growth consumer products and services companies. He also has served for 25 years as an investment banker, corporate attorney and senior executive with emerging growth companies and has been an entrepreneur in the mining, telecommunications, finance and consumer products sector.
"I am happy to welcome Tod to the Board," states Wesgold Chairman, Simon Ridgway. "We are looking forward to working with Minatura's management as we explore and develop the Cordoba gold/copper porphyry systems. We're currently in discussion with several financial institutions to raise capital to fund the planned exploration program once we've received exchange approval for the deal. As well, we've had expressions of interest from several major mining companies with respect to participating in the future exploration of the Cordoba property."
About Wesgold Minerals
Wesgold Minerals Inc. is a Vancouver-based mineral exploration company focused on the acquisition and exploration gold and copper projects in Colombia. Wesgold recently optioned from Minatura the Cordoba property, covering 25,790 hectares in the Department of Cordoba, Colombia, 200km north of the city of Medellin. These claims cover underexplored marine volcano-sedimentary rocks and are prospective for porphyry copper/gold and iron-oxide-copper-gold-style (IOCG) mineral deposits. Numerous artisanal gold workings occur throughout the Cordoba property, which has seen small-scale artisanal production for over 30 years. Recent gold discoveries in Colombia, including Anglogold Ashanti's La Colossa gold porphyry, have highlighted the world-class potential of the country.
Minatura is in the business of exploration, development and, ultimately, extraction of precious and base metals in Colombia, South America in over 300,000 hectares and 164 mining concessions. Minatura is dedicated to achieving a high return for its investors while adhering to the highest environmental standards in its projects and creating legacy micro-economies for the communities in which Minatura operates. For more information about Minatura, please contact firstname.lastname@example.org.
ON BEHALF OF THE BOARD
Ralph Rushton, Director
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Wesgold Minerals Inc.